- Home
- >
- Daily Accents
- >
- Varchev Finance: Trading day in one post – 18.01.2018
Varchev Finance: Trading day in one post - 18.01.2018
Rating:
Loading...Asian Stock Market - Asian indexes expected, follow Wall Street growth. Japan's Nikkei 225 rose 0.43 percent, with energy companies taking the lead. The automotive and banking sector recorded a slight decrease. Nikkei is traded at a 26-year peak, and only by the beginning of 2018 has risen by over 3%. In Seoul, Kospi climbed 0.22% thanks to SK Hynix, whose shares jumped 2.7%, while Samsung dropped 0.85%. In Sydney ASX200 traded almost unchanged + 0.07%, with weak earnings coming mainly from financial sector companies. The positive mood was also transferred to China. The Hang Seng index rose 0.63% mainly due to the banking sector in the country. HSBC rose 0.76% and China Construction Bank rose 1.34%. Shanghai Composite is trading at 0.85% and Shenzhen by 0.11% lower.
FX Market - During the Asian session, the foreign exchange market remained relatively calm, while the Australian came under investors. Australia publishes better data on new jobs (34.7K vs. 15K), but unemployment has risen by 0.1% to 5.5%. The reaction of AUD is currently negative and the currency traded with a 0.04% decrease. In the meantime, the USD managed to stabilize, even gaining a few pips compared to other currencies. The Dollar Index is traded at around 90.48. EUR was traded unchanged during the Asian session, but late last night, the ECB members' comments helped the currency record a sharp decline. GBP continues the rise driven mainly by the progress of Brexit's high inflation and the willingness of Bank Of England to raise interest rates further if needed.
Commodity market: On the energy market, oil rose, trading close to the tops of about $ 64.50 a barrel. In the medium term, the fund is negative for oil, and much of the hedge funds close long Chicago futures exposures. We expect oil prices to stay below $ 65 a barrel. Gold trades with a 0.85% decline, reflecting the strong positivism of stock markets that are supported by robust financial statements by companies. Copper is trading at a 0.34% rise, while palladium and platinum are down.
European stock market - Contrary to Wall Street positivism and Asia, European indices are expected to launch a downward session. Dax30 will begin trading by 10 points lower. The French benchmark, the CAC40, will record a 5-point drop in the opening to 5504. The British FTSE100 will open with a 5 point lower at the 7722 pounds. Despite the negative start, we expect European exchanges to reflect positivism accumulated during sessions in the US and Asia. In the early hours of the session we expect data on GDP, retail sales and industrial production in China. News has a strong influence on stock markets, and it can not be ruled out that, in the worst case scenario, the positivism gained during the last sessions will evaporate.
US Stock Market - US stocks ended the session with promotions backed by the much better results of many companies publishing reports. At the end of the session it became clear that 78% of the companies that posted a report so far have higher-than-expected financial results. The blue Dow Jones industrial average index rose 323 points to record levels, closing for the first time more than 26,000 points, while the SP500 recorded a 0.9% growth thanks to the technology sector in the country. Apple was one of the main drivers of growth, with shares trading at 1.7% higher at the end of the session. The Nasdaq composite tech index also ended with an increase of 1%.
Economic Calendar for European and US Stock Sessions - 18.01.2018
09:00 China - GDP
09:00 China - Retail sales
09:00 China - Industrial Production
10:15 Eurozone - Speech by Jens Weidmann, Benoit Coeuré and Christine Lagarde
15:30 United States - Building permits
15:30 USA - Jobless claims
18:00 United States - Crude oil inventories
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
